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Nuvei's Report Highlights Key Drivers in eCommerce Growth
Nuvei's latest report, "Global Expansion Guide to High-Growth Markets," delves into the eCommerce landscape within eight burgeoning economies: Brazil, Mexico, Chile, Colombia, India, Hong Kong, UAE, and South Africa. These markets are poised to surpass $1.2 trillion in eCommerce sales by 2027, growing nearly twice as fast as mature economies.
Financial inclusion and mobile-first strategies are pivotal. In India and Brazil, systems like UPI and PIX boost inclusion, with similar trends in Mexico. Mobile commerce dominates, making up 75-90% of online purchases, while real-time payments are becoming standard.
Merchants aiming for international growth must adapt to these trends, emphasizing digital access, varied payment preferences, and evolving regulations. Nuvei’s guide provides insights for navigating this dynamic market environment.
R. H.
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